Squeeze Insights Lab
All Pairs

FHE/USDT

Last updated: 9/15/2026, 4:30:58 AM

MEDIUM RISK

Moderate leverage or liquidation pressure

Stress Score (Normalized)
0.3660–1
1.0
Low RiskExtreme

Pulse signals— velocity & rarity composite

What's moving fast right now. Independent from the static stress score.

View timeline →
Pulse score (0–1)
0.527
Higher = inputs are simultaneously rare for this token and changing fast.
OI Δ 24h
-1.4%
OI Δ 7d
-18.7%
OI acceleration
-6.0%
ΔFunding 24h
-0.002%
|Funding| %ile
76
Vol compression
95
Volume spike
0
Perp basis

Stress-score timeline

StressPulse
00.5106-1807-0607-2408-1008-2809-15
2026-06-182026-09-15 · daily snapshots since tracking begangaps = days without a valid score

Recent track record

25/40 correct

This pair's high-conviction direction calls over the last 30 days — recorded before the outcome, graded after. Small sample: a recent record, not a statistic.

1d · 12/193d · 10/177d · 3/4
2026-09-141d▼ DN+0.6%
2026-09-131d▼ DN-2.7%
2026-09-121d▼ DN-2.0%
2026-09-123d▼ DN-4.1%
2026-09-111d▼ DN+3.1%
2026-09-113d▼ DN-1.7%
2026-09-101d▼ DN-0.2%
2026-09-103d▼ DN+0.8%
2026-09-091d▼ DN-12.9%
2026-09-093d▼ DN-10.4%

Aggregated Open Interest (All Exchanges)

Total OI
$4.45M
Binance
$2.58M
58.0%
Bybit
$1.26M
28.4%
KuCoin
$605.83K
13.6%
Market Cap
$6.60M
Market Cap / Aggregated OI
$6.60M / $4.45M= 1.4857

Risk Signals (Extra)

OI / Volume (24h)
8.100
Level: high
Exchange OI Dominance
binance
Share: 58.0%
No dominance risk

Liquidation history

Long-side 95% of 30d liqstoday: 50th percentile of 90d
$329.4K$006-1807-0607-2408-1008-2809-15
Long liqs (above) Short liqs (below)

Positioning summary

Binance's top traders by position size are 59.1% long and 40.9% short in FHEUSDT, a long/short ratio of 1.45. All accounts on the venue sit at 80.5% long, so the largest positions are leaning against the crowd. FHE has no Hyperliquid whale book, so these venue-wide ratios stand in for it; the interactive panel below reloads them on its own.

Interval:

Open Interest

Coinalyze
Latest
$2.58M
ΔOI
-$653.71

Funding Rate

Coinalyze
Latest
0.0067%
Points
24
Per-exchange futures data
MetricBinanceBybitKuCoin
Price$0.02023$0.02016$0.02023
OI (USD)$2.58M$1.26M$605.83K
OI share58.0%28.4%13.6%
OI (tokens)127,466,64662,543,24829,947,200
Funding rate0.0050%

A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.

External Data (CoinMarketCap & Coinalyze)

Market Cap
$6.60M
24h Liquidations
$2.57K
Token Symbol
FHE
Sources
CMC, Coinalyze

FHE sits in the degen names cohort — the group our direction model routes it through. These perpetuals share that behaviour, so their leverage tends to build and unwind the way FHE's does:

Stress score (0–1) and 24h price change, from the same daily sync as this page.

FHE perpetuals — common questions

Answered from this pair's current readings, refreshed with the daily sync.

What are FHE's current liquidation levels?

Across the exchanges we aggregate, $2.6K of FHE positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for FHEUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.

How much open interest does FHE have right now?

Aggregated open interest in FHE perpetuals is $4.45M: $2.58M on Binance (58%), $1.26M on Bybit (28%) and $605.8K on KuCoin (14%). That position base is -1.4% over 24 hours and -18.7% over the last week. Open interest is 8.10× the pair's 24-hour volume, so positions are being held rather than churned.

What is FHE's funding rate?

Binance settles FHEUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.

Is FHE over-leveraged right now?

FHE's leverage-stress score is 0.366 out of 1.0, which we band as medium risk. It blends three readings: how big the perp book is next to the token itself ($6.60M of market cap against $4.45M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($2.6K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.

Has FHE seen heavy liquidations lately?

Over the last 30 complete days, 95% of the FHE notional that got liquidated was long positions and 5% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 50th percentile of the last 90 days, meaning today is about normal for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.

Is FHE's positioning changing quickly?

FHE's pulse score is 0.360 out of 1.0 — a measure of how unusual its current open-interest, funding and volatility moves are against its own 90-day history, kept deliberately separate from the stress score. The readings behind it right now: open interest -1.4% in a day and an unusually tight trading range. At this level nothing unusual is happening yet.

FHE/USDT (FHEUSDT) perpetual futures shows a leverage-stress score of 0.366 out of 1.0 (medium risk), $4.45M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Sep 15, 2026. These are diagnostic readings of market conditions, not a trade signal.